Snapchat disclosed this week that China's Tencent recently bought roughly $2B in Snap stock. As Bloomberg points out It's hard to imagine Facebook or Google doing the same with a public tech company in Asia.
Without a doubt, these corporate giants are toting their big checkbooks everywhere. SoftBank has invested in nearly every top on-demand ride-sharing startup, and is seeking to buy a significant chunk of Uber stock. Alibaba has helped fund augmented-reality firm Magic Leap Inc., Indian payments company Paytm and Lyft Inc. Tencent in the last five years has participated in more than 50 acquisitions or investment rounds involving U.S. companies, according to data compiled by Bloomberg. The biggest of these was its role in a $2.3 billion deal in 2013 for a minority stake in Activision Blizzard Inc., the company behind the "Call of Duty" video games. More prevalent are startup investments including in consumer hardware company Essential and Smule, the karaoke app developer.